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cuts expire everybody's taxes will go up including taxes on the rich and the very rich which means that have democrats proposed cutting taxes on the working class people while ignoring the new rates for the rich republicans can sign on and . vote for the legislation without violating their blood oath the multi-millionaire k. street lobbyists grover norquist all that goes nowhere as fast as it should which would be to roll back the reagan tax cuts it's a start moving america in a more egalitarian direction second most of the cuts to the pentagon budget are good things pentagon has lost over two trillion dollars that they can't account for it's a good guess you'll find a lot of it twenty bedroom mansion zone by defense contractors and lobbyist they're wearing this city washington d.c. and this nation needs a healthy and robust debate on our role as empire as president obama said during the campaign it's time to do some nation building right here at home and third by breaking out the social spending cuts that require public in particular the house of representatives to go on record on thei
cuts expire everybody's taxes will go up including taxes on the rich and the very rich which means that have democrats proposed cutting taxes on the working class people while ignoring the new rates for the rich republicans can sign on and . vote for the legislation without violating their blood oath the multi-millionaire k. street lobbyists grover norquist all that goes nowhere as fast as it should which would be to roll back the reagan tax cuts it's a start moving america in a more...
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Nov 26, 2012
11/12
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. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congressional staffers met over the holiday weekend. and leaders intend to meet with the president this week. there are predictions it could be wrapped up before christmas. >> i like that optimism. >>> well, president obama is expected to announce this week a major reshuffling of his cabinet. u.n. ambassador susan rice will likely be the president's nominee to replace hillary clinton as secretary of state. on top of that, massachusetts senator john kerry is said to be the leading candidate to replace leon panetta at secretary of defense. >>> and we're also expected
. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed...
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Nov 27, 2012
11/12
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or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a
or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on...
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Nov 29, 2012
11/12
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then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part of a continuing series on "washington journal" focusing on a fiscal cliff. our conversation has broadened. to bring it back to the payroll tax cut and remind you it was enacted in december of 2010, designed to temporarily boost the economy and reduce the tax to% from 6.2% to 4.2% and increased take-home pay about an average of $1,000 to $1,800 per worker. it expires at the end of the year, rates will revert back to 6.2%. if you make $35,000 or so, that will be an extra $700 in taxes. the $2,000, an extra thousand dollars. 75,000, $1,500. finally, $110,000, the upper limit
then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part...
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Nov 28, 2012
11/12
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tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in the wealthier paying a higher share of their income. that is a system we have had since income taxes were put in place. in order to get the type of progress city that we have in place today, it can only be achieved with a progressive rate structure. in the 1990's, more radical tax reform ideas were passed of moving from an income tax to a consumption tax. and there was a popular movement to promote a flat tax. it would also have been progress of because we would not have taxed the first $20,000 wort
tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in...
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Nov 27, 2012
11/12
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we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope
we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head...
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Nov 25, 2012
11/12
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certainly it would be good to have higher tax rates for wealthier people. it might not be a long-term catastrophe. we get some reform out of it. let's remember, the deals that we're discussing to avert the cliff involve balancing a budget deficit that was a lot of fun for people on the take, the military defense contractors who got paid off the books. >> right. >> taking health care away from poor people. >> the impact that we're seeing now may not be -- the consumers may not see it through them but we're seeing it through the banks and business who is are right now still being very conservative about who they're lending to and how they're doing business because they are spooked by these talks. much more so than consumers. >> why don't you see the business community, particularly in advance of the holiday shopping season, say, you know what, you guys are going to have to signal that you're going to resolve this because these are the weeks in which we make all our money for the year. we need consumers happy. we need them shopping. >> because those businesses
certainly it would be good to have higher tax rates for wealthier people. it might not be a long-term catastrophe. we get some reform out of it. let's remember, the deals that we're discussing to avert the cliff involve balancing a budget deficit that was a lot of fun for people on the take, the military defense contractors who got paid off the books. >> right. >> taking health care away from poor people. >> the impact that we're seeing now may not be -- the consumers may not...
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Nov 26, 2012
11/12
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any high federal office, i think we should care because our tax dollars pay their salaries, but these people work hard. they work hard to improve the way our government works. so if good governance happens, i think it's a legitimate exercise, republicans and democrats, to say this is what got done on our watch, and we want people to know about it. >> when is your term up with the secretary of state? >> the same day she resigns, january 20. >> and what will come out of that, your work? >> well, internal history documents. each bureau of the state department is writing a list of what it achieved and doing some oral history to ask high- ranking members of the department what they worked on and what they care about. and the story of the united states and the world in these four years. >> how much of the bill clinton's memoirs were you involved in? >> i was involved in the earliest stages, which were fascinating, as he talked out his memories of his life. and that was my job was to be an interviewer much like you. and i had many meetings with him between about 2001 and 2003, just peppering
any high federal office, i think we should care because our tax dollars pay their salaries, but these people work hard. they work hard to improve the way our government works. so if good governance happens, i think it's a legitimate exercise, republicans and democrats, to say this is what got done on our watch, and we want people to know about it. >> when is your term up with the secretary of state? >> the same day she resigns, january 20. >> and what will come out of that,...
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Nov 27, 2012
11/12
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cuts to 98% of tax players -- payers and should not hold those tax cuts hostage to an insistence that millionaires and billionaire the top 2% of america's taxpayers have to have a tax cut to. over the past couple of years, that segment of the american populous has done very well at a time when the middle class has been squeezed. i don't see a contradiction here. i see, you know, distinct challenges that are related and the president is very committed to the proposition that we can deal with these challenges if we come together in a -- and adopt a balanced approach. >> quick followup on that, every signal we've goten from the hill, including out here on the driveway after the last meeting with the president and also from you just said, essentially the fiscal cliff and a longer term package on tet and tax reform are combined. they're going to happen at once. when durbin says we have to deal with the fiscal cliff but not entitlements, doesn't the president have to win over members of his party and say, call it what you want, we're doing this and they are on the teable. >> it's hard for m
cuts to 98% of tax players -- payers and should not hold those tax cuts hostage to an insistence that millionaires and billionaire the top 2% of america's taxpayers have to have a tax cut to. over the past couple of years, that segment of the american populous has done very well at a time when the middle class has been squeezed. i don't see a contradiction here. i see, you know, distinct challenges that are related and the president is very committed to the proposition that we can deal with...
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Nov 24, 2012
11/12
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today, no one seems to want to pay taxes. no one wants to legislate taxes. people want something, they can purchase it and the state or federal government are both will benefit as a result. we are in a double parallel. >> one point of departure -- there is a key difference between a lot and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same tradition. what lessons can we draw? but i think you're right. alcohol was an integral part of western culture for millennia before prohibition. certification indigenous peoples in this country, marijuana has been the same -- for certain indigenous peoples in this country, marijuana has been the same. there is a generational issue at play here. people who grew up with the presence of marijuana as being effective law -- a fact of life, it is different from what it was back in to the 1950's. >> what is interesting about drug law today is there is an errant -- under current taking place at the state level to legalize or relieved some of the criminal components, leadin
today, no one seems to want to pay taxes. no one wants to legislate taxes. people want something, they can purchase it and the state or federal government are both will benefit as a result. we are in a double parallel. >> one point of departure -- there is a key difference between a lot and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same tradition. what lessons can we draw? but i think you're right. alcohol was an integral part...
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Nov 25, 2012
11/12
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FOXNEWSW
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and else's on the side of not increasing taxes. but they have to find some common ground though it's hard to see what that will be today. >> well, it's going to be a courageous time for john boehner, does he hold down? he's one guy you want want to be right now. even if he's in a deal he's going to want to have him out. >> he's he been on conference calls with every member of the republican caucus and had to lay this out for all of them and some republicans have gone out and sort of fallen in line with him and others spoken out publicly, under no circumstances will i raise taxes, it will be interesting where they raise revenue. can they do it by lightning deductions and-- >> they do the write-offs and the deductions. >> but the president had one to raise on the wealthiest americans. >> dave: the president two years ago says we cannot raise taxes with the growth levels. >> alisyn: not that president, the election president. >> dave: my mistake, everyone. >> alisyn: it's hard to know what they will do, but this week should be telling
and else's on the side of not increasing taxes. but they have to find some common ground though it's hard to see what that will be today. >> well, it's going to be a courageous time for john boehner, does he hold down? he's one guy you want want to be right now. even if he's in a deal he's going to want to have him out. >> he's he been on conference calls with every member of the republican caucus and had to lay this out for all of them and some republicans have gone out and sort of...
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Nov 22, 2012
11/12
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but he paid social security taxes just like the rest of us. they did not gain for family the same protection as the family of a male wage earner. the discrimination begins with the woman and then the man because he is the role of parent rather than breadwinner. does not get the benefits. there was a unanimous judgment of the supreme court in that case. and by the way, we got it from the district course to the supreme court before he reached his third birthday. that is record speed. for federal litigation. anyway, the court reached a unanimous judgment, but divided three ways. three thought it discriminated against the male as parents. one said, i see this from the vantage point of the baby. it makes no sense the child should have the opportunity from the sole surviving care of the parent. only if that parent is female. not if the parent was male. other cases i was involved in from the ground floor, the pregnant problem. ato the early 1970's, if woman taught in public school, and she began to show between four and six months, she was put on mat
but he paid social security taxes just like the rest of us. they did not gain for family the same protection as the family of a male wage earner. the discrimination begins with the woman and then the man because he is the role of parent rather than breadwinner. does not get the benefits. there was a unanimous judgment of the supreme court in that case. and by the way, we got it from the district course to the supreme court before he reached his third birthday. that is record speed. for federal...
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Nov 28, 2012
11/12
by
KGO
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we move forward. >> releasing videos from middle-class supporters, showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from the paycheck it will impact my family. >> reporter: while those for wealthier americans are allowed to expire. >> we will not solve it by creating villains. and drumming up outrage. >> reporter: republicans slammed for the president for outsourcing negotiations to treasury secretary tim geithner and members of his administration. >> rather than sitting down with lawmakers of both parties and working out an agreement he is back on the campaign trail. presumably with the same old talking points we are quite familiar with. >> reporter: jake tapper, abc news, new york. >> interesting. but i think what you see, too, the president gave an interview several months ago what was the one mistake in your first term. his response, i didn't tell the american people the story. i didn't involve, put a human face enough on the problem. so i think what he is trying to do here. saw with the folks, the press conference a few weeks ago, people line
we move forward. >> releasing videos from middle-class supporters, showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from the paycheck it will impact my family. >> reporter: while those for wealthier americans are allowed to expire. >> we will not solve it by creating villains. and drumming up outrage. >> reporter: republicans slammed for the president for outsourcing negotiations to treasury secretary tim geithner and members...